Self Storage Income 321. How We (Remote!) Manage Our 19-Facility Self Storage Business
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Nov 4, 2025 Korbin Smoot and Bill DeWaal, co-founders of Better Self Storage, are reshaping the self-storage industry with their remote management skills. They share insights on successfully operating 19 facilities across multiple states without being on-site. Their partnership thrives on complementary strengths in acquisitions and operations. Learn how they leverage virtual assistants for efficiency, refocused their underwriting strategies, and significantly increased revenue at their facilities. Plus, their take on competing with REITs and finding properties with operational upside is a game-changer!
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From $1,500 To $5,000 In Casper
- Korbin recounted buying a $240,000 Casper facility that earned $1,500/month and grew to $5,000 quickly after improvements.
- They used seller financing and SpareFoot to fill it, turning $50,000 down into a strong performing asset.
Learning By Cleaning A Messy Facility
- Korbin described cleaning out a mismanaged 17,000 sq ft Sunset facility full of tenants' junk and learning auctions and lien processes the hard way.
- That early hands-on experience built his confidence managing future assets.
Ogden Portfolio Grew And Sold Big
- Their Ogden group accumulated nearby properties into a $1.1M portfolio that sold for $3.2M five years later.
- That early local clustering produced a high-return exit and taught timing lessons.